State Street Reviews in Kraków | Glassdoor

State Street Kraków Reviews

Updated March 29, 2017
34 reviews

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Kraków (Poland)

3.4
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State Street President and CEO Joseph L. Hooley
Joseph L. Hooley
4 Ratings

34 Employee Reviews

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Pros
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  1. Helpful (1)

    "Great company for fresh graduates, not that good for experienced professionals"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Kraków (Poland)
    Former Employee - Anonymous Employee in Kraków (Poland)
    Recommends
    Neutral Outlook
    No opinion of CEO

    I worked at State Street full-time (More than a year)

    Pros

    The first thing you need to know is that the company strategy (at least in Poland branches) is to hire unexperienced people and pay them low salaries. All pros and cons are based on that fact. It is a great company if you use it to add value to your CV during your early career years, but do not expect to develop your career here unless you like to be underpaid. Let´s summarize the pros now:

    - Very easy to secure a job at State Street Bank Polska, it does not matter if you do not have financial background, as long as you are able to speak decent English.

    - You could get a promotion from Associate 1 to Associate 2 within one year

    - Very easy to move to another position internally.

    - Very good name in your CV, State Street Bank is very well known within the financial industry.

    - Steep learning curve

    - Great lower management: Senior Associates and Officer. They were always trying to make you feel comfortable (maybe I was lucky...)

    - The classic benefits in Poland for corporate employees: Private health insurance, multisport card, glasses refund...

    Cons

    - Low salaries. If you are experienced you can get better paid jobs at competition.

    - High staff turnover. Leaving people take some of their know-how with them, and some internal procedures can become a mess.

    - Long working hours, specially during peak times.

    - High pressure environment

    - Productivity and performance is measured by the overtime you work, so there are those who work slower and take longer to complete tasks and therefore they make more overtime pay which is frustrating to those who work fast and efficiently

    - IT issues. The computers are connected to servers in Edinburgh and London and you need to transmit every process done locally, meaning some easy tasks may take a long time to be done. Example: copying a 1MB PDF File could take 2 minutes. Sending an email (from the moment you click on Send until the mail is already sent) can take 1-2 minutes... and so on. It is very annoying if you are working on time sensitive tasks.

    Advice to Management

    Raise salaries, specially to those liaising directly with clients. It is well known that this company in Kraków is like a Master´s Degree: going there for 1 year and then move to another company for a decent salary.

    The yearly bonus is just ridiculous. Raise it or pay nothing. It is better to pay nothing than to pay what you do: the staff feel they are being fooled.

    Schedule periodic company events: with the high workload and no social events (this is the only company I ever been with no Christmas dinner) there is no time to build relationships with other work colleagues.


  2. "Senior Associate"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Kraków (Poland)
    Current Employee - Anonymous Employee in Kraków (Poland)
    Recommends
    Positive Outlook
    No opinion of CEO

    I have been working at State Street full-time (More than 5 years)

    Pros

    team work, atmosphere, perspectives are very good

    Cons

    maintaining work life balance is a challnge


  3. "So far so good !!"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Fund Accountant in Kraków (Poland)
    Current Employee - Fund Accountant in Kraków (Poland)

    I have been working at State Street full-time (Less than a year)

    Pros

    Fun, young team full of bright people, thus easy and good team work. Good trainings.

    Cons

    Routine day to day work.


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  5. "Not so good experience"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Associate I in Kraków (Poland)
    Former Employee - Associate I in Kraków (Poland)
    Recommends
    Positive Outlook
    No opinion of CEO

    I worked at State Street full-time

    Pros

    Opportunity to gain interesting experience

    Cons

    Poor management, bad atmosphere in workplace, long hours

    Advice to Management

    To Improve middle and senior management organisation and management skills


  6. "4 years in a company"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Fund Accountant in Kraków (Poland)
    Current Employee - Senior Fund Accountant in Kraków (Poland)
    Recommends
    Negative Outlook
    No opinion of CEO

    I have been working at State Street full-time (More than 3 years)

    Pros

    There is good atmosphere, young people, flexible working hours. Yearly bonuses, sports card, good job location, modern offices.

    Cons

    A lot of overtime, minimal year-to-year salary increase, hard promotion perspectives, big rotation, heavy workload

    Advice to Management

    Lack of respect for experienced employees, new hires get the same or higher salary at start.


  7. "Could be better"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Kraków (Poland)
    Current Employee - Anonymous Employee in Kraków (Poland)
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I have been working at State Street (More than 3 years)

    Pros

    possibility of self development, work with great people and a lot of training possibilities

    Cons

    low salaries comparing to other companies on the market

    Advice to Management

    pay more and respect your people


  8. "Life Tax Specialist, Associate 2"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Kraków (Poland)
    Current Employee - Anonymous Employee in Kraków (Poland)
    Recommends
    Neutral Outlook
    Approves of CEO

    I have been working at State Street full-time (More than 3 years)

    Pros

    Goop place to start a career in finance.

    Cons

    Competition offers better salary&work benefits.


  9. "Product Administrator"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Product Administrator in Kraków (Poland)
    Current Employee - Product Administrator in Kraków (Poland)
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    Pros

    You will learn MS Excel

    Cons

    changing workload and working hours


  10. "Intern in Fund Accounting"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    Former Intern - Fund Accounting in Kraków (Poland)
    Former Intern - Fund Accounting in Kraków (Poland)
    Recommends
    Neutral Outlook
    No opinion of CEO

    I worked at State Street as an intern (Less than a year)

    Pros

    A very pleasant environment, friendly atmosphere and interesting job. Helpful team mates, eager to share their knowledge.

    Cons

    . . . . .


  11. "Senior Associate"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Associate in Kraków (Poland)
    Current Employee - Senior Associate in Kraków (Poland)
    Recommends
    Positive Outlook

    I have been working at State Street full-time (More than 3 years)

    Pros

    Good work life balance, ability to work from home, working in recognizable corporation will help to find next job, Nice people and good corporate culture

    Cons

    Day to day work can be routine. Decreased staffing and increased individual work loads.Long hours worked from time to time.

    Advice to Management

    Management should make sure they understand processes and work performed by their direct reports. Enable mobility of employees and focus on technology / improvement programs


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